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Jul 12, 2013
07/13
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we do not have a deficit right now. we have the opposite of a deficit right now. as of june the u.s. government was taking in $117 billion more that month than it was putting out. we are not in the red, we are in the black. this is the largest june budget surplus ever recorded in the history of the united states of america. but still, a thousand florida national guardsmen are not filling sandbags one day a week every week indefinitely even through storm season because congress panicked about that budget deficit that we do not have. and the deputy manager of the program to land this drone on the "u.s.s. george h.w. bush" says he is furloughing in place on the aircraft carrier while the drone is finally completing its historic landing. this is basically how it goes in the nonsense hold that we call the american congress right now. in that nonsense hole, house republicans find themselves digging deeper and deeper and deeper with no real plans on how to get out. i, though, have an idea for how to help them. do you remember the big deal in washington right now is that
we do not have a deficit right now. we have the opposite of a deficit right now. as of june the u.s. government was taking in $117 billion more that month than it was putting out. we are not in the red, we are in the black. this is the largest june budget surplus ever recorded in the history of the united states of america. but still, a thousand florida national guardsmen are not filling sandbags one day a week every week indefinitely even through storm season because congress panicked about...
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Jul 6, 2013
07/13
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guest: i think that the trade deficit had been an issue for the u.s. there have been a lot of jobs, essentially we opened up ourselves to the world from a global trade perspective and we didn't really put a lot of emphasis on making sure that the other countries that we were doing business with had, say, the same labor standards, the same pay levels. so many american workers were thrown into competition with a huge global competition with workers willing to be paid a lot less. so a lot of that work was transferred there. some people say that's the way it goes and how the global economy moves around. that might be the case. but that doesn't mean there aren't jobs americans can't do. and the definition of doing something that your caller -- i agree that there are do-nothing jobs in every organization probably. but the point that your caller was making i think there are -- the definition of doing something is very broad and there are a lot of thing that is need to be done in this country including services jobs that aren't getting filled by the private se
guest: i think that the trade deficit had been an issue for the u.s. there have been a lot of jobs, essentially we opened up ourselves to the world from a global trade perspective and we didn't really put a lot of emphasis on making sure that the other countries that we were doing business with had, say, the same labor standards, the same pay levels. so many american workers were thrown into competition with a huge global competition with workers willing to be paid a lot less. so a lot of that...
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Jul 10, 2013
07/13
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we did it in 2005 under the ccra anchts the deficit reduction reduction act. senator harkin's appropriations committee has made changes to the eligibility rules to the pell grants each of the past several years outside of the higher education authorization, including the elimination of summer eligibility, ability to benefit, and lower of the automatic enrollment for low-income students. i mean, it -- it's just not fair to come and say, to me, that i'm doing an outside higher reauthorization. there is a track record continually of the person that accused us of doing it of doing it himself, of let me say that he is accurate. i'd be happy to yield. mr. manchin: if i could, i want to thank the good senator for working in such a bipartisan manner. this bill haif this bill has bed as belonging to one party or the other, it is wrong. we sat down together, senator cobun, senator a aalexander, senator burr, and we had senator carperrer and looked at how we could fiction something. this deadline hit, we knew one year ago when we extended it, they said it was a political
we did it in 2005 under the ccra anchts the deficit reduction reduction act. senator harkin's appropriations committee has made changes to the eligibility rules to the pell grants each of the past several years outside of the higher education authorization, including the elimination of summer eligibility, ability to benefit, and lower of the automatic enrollment for low-income students. i mean, it -- it's just not fair to come and say, to me, that i'm doing an outside higher reauthorization....
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Jul 11, 2013
07/13
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it helps our deficit problem as well. the only other point i want to make is this. some are comparing this bill to the president's health care bill. nothing could be further from the truth. i supported this president's health care bill, and i still do, but that was basically a democratic effort. it had no republicans have been. mccain and schumer would not be standing here together in favor of the aca. and this bill has very broad support. it's bipartisan. it has the support on the health care bill business and labor were split. business and labor united here. we have evangelicals. we have the agriculture community, both growers and workers. and so to say that this is just like the president health care bill, nothing could be further from the trees. this is just what america wants us to do. work together in a bipartisan way to move forward. so those extreme opponents come they keep coming up with new reasons to oppose the bill. one of their latest is all, our bill is 1000 pages and complicated. well, from what i understand, the bill so they're putting together and t
it helps our deficit problem as well. the only other point i want to make is this. some are comparing this bill to the president's health care bill. nothing could be further from the truth. i supported this president's health care bill, and i still do, but that was basically a democratic effort. it had no republicans have been. mccain and schumer would not be standing here together in favor of the aca. and this bill has very broad support. it's bipartisan. it has the support on the health care...
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Jul 10, 2013
07/13
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in specifics, it reads that reform will grow the economy by 3.3% and bring down the deficit by close to $8850 billion over the next -- by close to $850 billion over the next 20 years. we're back after the break. actually mean it. >> you're putting out there something that you're proud of. journalists want the the story and they want the right story and the want the true story. >> you can say anything here. >> i spent a couple of hours with a hooker. >> your mistake was writing a check. >> she never cashed it! >> the war room. >> compared to other countries with tighter gun safety laws our death toll is just staggering. >> the young turks. >> the top bankers who funneled all the money to the drug lords, no sentence. there's just no justice in that. >> viewpoint. >> carl rove said today that mitt romney is a lock to win next pope. he's garunteeing it. >> joy behar: say anything. >> is the bottom line then that no white person should ever, ever, ever use the "n" word? >> yes! >> only on current tv. >> stephanie: it is "the stephanie miller show." welcome to it. six minutes after the hou
in specifics, it reads that reform will grow the economy by 3.3% and bring down the deficit by close to $8850 billion over the next -- by close to $850 billion over the next 20 years. we're back after the break. actually mean it. >> you're putting out there something that you're proud of. journalists want the the story and they want the right story and the want the true story. >> you can say anything here. >> i spent a couple of hours with a hooker. >> your mistake was...
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Jul 11, 2013
07/13
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if you want to reduce the deficit, investing in education. thank you very much. >> the house today approved a farm bill by a vote bill2126- 216-208. opposed theucus farm bill and launched a protest. here is that debate. >> further embellishments will result in a deduction of time from the yielding member. ther. speaker, i yield to gentleman from florida, mr. hastings for unanimous consent. >> i ask unanimous consent to revise and extend my remarks in very strong opposition to the farm bill and underlying bill because it takes the safety net away from american families. >> without objection, the time is charged. >> i yield to the gentleman from new york. >> thank you. i ask unanimous consent to revise and extend my remarks in strong opposition to the farm bill rolen the airline bill because it hurts america's children. correct -- rule and the underlying bill because it >> mr. speaker, and ask unanimous consent to revise my remarks. >> without objection. >> the gentleman from massachusetts. >> i yield to the gentlewoman from florida. >> i ask u
if you want to reduce the deficit, investing in education. thank you very much. >> the house today approved a farm bill by a vote bill2126- 216-208. opposed theucus farm bill and launched a protest. here is that debate. >> further embellishments will result in a deduction of time from the yielding member. ther. speaker, i yield to gentleman from florida, mr. hastings for unanimous consent. >> i ask unanimous consent to revise and extend my remarks in very strong opposition to...
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Jul 9, 2013
07/13
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the student loan program itself is paying down the national deficit because of the profit the federal government makes. it's time to stop that and make student loans affordable for students and for their families. this congress simply has not done right by students. forcing these students to continue to graduate with an increasing mountain of debt while at the same time they lament the students are graduating with increased debt. that's what the republicans offered, that's why as my colleague from colorado said it was dead on arrival when it went to the senate. it was dead on a bipartisan basis when it went to the senate. the time has come now to defeat the previous question so that we can bring the one-year fix to make sure that students are protected from the doubling of the interest rates that is now occurring because of the inaction by the republicans in the house of representatives. i yield back the balance of my time. the speaker pro tempore: the gentleman from california yields back the balance of his time. the gentleman from colorado reserves. the gentleman from texas is recog
the student loan program itself is paying down the national deficit because of the profit the federal government makes. it's time to stop that and make student loans affordable for students and for their families. this congress simply has not done right by students. forcing these students to continue to graduate with an increasing mountain of debt while at the same time they lament the students are graduating with increased debt. that's what the republicans offered, that's why as my colleague...
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Jul 6, 2013
07/13
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and that's made the deficit problem look more benign. which takes the pressure off. but i think you're right. it's just an incredible admission by the white house that they can't implement the affordable care act as they had hoped. by this little blog post by someone at the treasury, oh, by the way, the thing we've been talking about, this -- employers have more than 50 people will have to provide health insurance, we're putting that off for a year. leaving open the question, are other things going to be put off, too? gwen: here's something else which may be put off that's happening in congress. sue, where you spend your days and many nights. >> god bless you. gwen: so we don't have to. let's talk about immigration. this is one of the big issues which made its way through the senate and waiting for what the house does but not at all resolved. >> no. there's this triumphant moment when the senate passed this bill because it was this historic moment and joe biden presided over and the -- and as soon as passed it reality check that it doesn't really mean much in the lon
and that's made the deficit problem look more benign. which takes the pressure off. but i think you're right. it's just an incredible admission by the white house that they can't implement the affordable care act as they had hoped. by this little blog post by someone at the treasury, oh, by the way, the thing we've been talking about, this -- employers have more than 50 people will have to provide health insurance, we're putting that off for a year. leaving open the question, are other things...
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Jul 10, 2013
07/13
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another one was that deficit spending is not bad public policy. a third one, punishment is not a deterrent to crime. and the fourth one -- and this is a big one -- is that government can run our lives better than people can. and that's exactly what we're talking about here. the reason they have been wanting to do this with regulating carbon, i think, is better articulated by a guy that i don't think anyone will argue could be the most knowledgeable scientist in america. his name is richard lindsen with m.i.t.. his quote was that regulating carbon is a bureaucrat's dream. if you regulate carbon, you regulate life. you control life. that's what bureaucrats want to do. that's what the environmentalists want to do in controlling our lives. they want to determine what cars we drive, what kind of houses we live in, how our cities are built, and all of that. and they can do all of this by regulating carbon dioxide. and democrats particularly in the senate have been unsuccessful in passing legislation to accomplish this. this is the key. it was way back d
another one was that deficit spending is not bad public policy. a third one, punishment is not a deterrent to crime. and the fourth one -- and this is a big one -- is that government can run our lives better than people can. and that's exactly what we're talking about here. the reason they have been wanting to do this with regulating carbon, i think, is better articulated by a guy that i don't think anyone will argue could be the most knowledgeable scientist in america. his name is richard...
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Jul 7, 2013
07/13
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jobs with it, all the people that had to construct, that helps younger workers, and we do also have a deficit. we don't have young people able to do the jobs we're outsourcing to india. we need to be training young people starting in high school to do stem jobs, research and science. >> in that last segment -- well, there you go. [ applause ] in the last segment we were talking about the outsourcing of the jobs. we should point out that 60% decline in manufacturing jobs in this city >> that's right. >> when you talk about an industrial revolution, the best place to do it is where there's people who are willing to work. >> exactly. >> but when you have capital, which is hard to get, and minorities can't get the capital. >> that's right. >> because they don't have the resources to back them up if business doesn't go well, what else can we do other than some kind of public/private partnership involved with federal money to turn these numbers around? >> i think it has got to start there, but also long-term we have to level the playing field in terms of corporations. a lot of reasons you see the o
jobs with it, all the people that had to construct, that helps younger workers, and we do also have a deficit. we don't have young people able to do the jobs we're outsourcing to india. we need to be training young people starting in high school to do stem jobs, research and science. >> in that last segment -- well, there you go. [ applause ] in the last segment we were talking about the outsourcing of the jobs. we should point out that 60% decline in manufacturing jobs in this city...
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Jul 9, 2013
07/13
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CNBC
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why is the trade deficit still soaring? why? >> by the way, i have to get out. i can't get in. >> there's a manufacturing renaissance. >> why are we losing jobs? >> it's called energy. >> we are producing more with fewer workers. it's amazing. >> by the way, not only are we importing less and less energy, we are going to be exporting more and more energy and it will bring the trade deficit to almost nothing which will give me a strong dollar, king dollar is going to look great. the inflation rate which is now 1% will go to 0% and you'll worry about deflation. >> then we're going to start 3-d printing gold. it will plummet even faster. >> gold is about 1,000 bucks an ounce. thank you, gentlemen. we appreciate it. >>> all hail the state of south dakota. cnbc has just named it as the number one state for business in america. and the man who puts that list together, cnbc's scott cone joins us live from the foot of mount rushmore. he'll explain. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it'
why is the trade deficit still soaring? why? >> by the way, i have to get out. i can't get in. >> there's a manufacturing renaissance. >> why are we losing jobs? >> it's called energy. >> we are producing more with fewer workers. it's amazing. >> by the way, not only are we importing less and less energy, we are going to be exporting more and more energy and it will bring the trade deficit to almost nothing which will give me a strong dollar, king dollar is...
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Jul 14, 2013
07/13
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quite frankly, i think the biggest issue facing our country continuing to run trillion dollar deficits year year and while it will dip a little bit there year because increase which i didn't support and sequestration two-thirds of andatory spending, fad -- food stamps tripling in 10 years, if -- n't get criminal control of what has gone from ne-third to two-thirds of our budget is the greatest challenge. i'm not at the center of those the judiciary ay committee has control over constitution the and i have felt a long time that we should have a constitutional limiting the ability of the federal government to borrow money requiring the its budgetto balance except in times of national emergency. most important issue in my opinion facing our government. immigration reform is a major judiciary efore the committee and i'm excited about the opportunity to work on this. when the democrats were in the committee and in the house and in the senate and for his dent obama first two years, they did nothing about immigration reform. i'm pleased that we are working on it and pleased that we are in the
quite frankly, i think the biggest issue facing our country continuing to run trillion dollar deficits year year and while it will dip a little bit there year because increase which i didn't support and sequestration two-thirds of andatory spending, fad -- food stamps tripling in 10 years, if -- n't get criminal control of what has gone from ne-third to two-thirds of our budget is the greatest challenge. i'm not at the center of those the judiciary ay committee has control over constitution the...
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Jul 14, 2013
07/13
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FBC
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the utica shale in new york would erase the new york deficit. we're not sticking one drill bit in that either. we have oil all over this country. we are not tracki fcking anywhe because we don't have an epa who will stand up and say, we need to do this or this to make it safe. it's all the above angs. we don't have that because we have no plan. there's been four environmental studies on the keystone pipeline. all are clean. we aren't doing it for wha reason reason. who knows? >> steve, maybe you know. >> i'm with anwar and keystone pipeline. but with fracking causing earthquakes increighing threefold you'd be careful toing that in cal kpal. >> tracy, go ahead. >> brenda, i think one piece we're missing are state taxes. this piece of the gasoline price is not going away. that will continue to go up. couple that with gasoline prices going up higher than our wages. that's the bottom line. >> gary v, it will have an impact on the economy, don't you think? >> absolutely. you know, i want to get back to the point that jonas was making. you know, while
the utica shale in new york would erase the new york deficit. we're not sticking one drill bit in that either. we have oil all over this country. we are not tracki fcking anywhe because we don't have an epa who will stand up and say, we need to do this or this to make it safe. it's all the above angs. we don't have that because we have no plan. there's been four environmental studies on the keystone pipeline. all are clean. we aren't doing it for wha reason reason. who knows? >> steve,...
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Jul 9, 2013
07/13
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here's a chart that shows america's trade deficit. and energy, imported energy comprises the largest account. we haven't had a balanced trade deficit since the 1970's when the job hemorrhage started in this country. and it gets worse every year. america's future depends on innovation. we can't continue to live like this. every community you go to in this country, they say, well, we have to move somewhere because my child can't find a job or, gosh, i had to get another job and i had my salary cut in half. it's pretty obvious what's been happening. the major category of trade deficits is energy imports. energy. because we are not self-sufficient in energy production in this country. part of the answer lies in new energy systems. systems that even nasa has helped us to begin to invent. yes, in the solar fields. yes, in new hydrogen technologies like cryogenic hydrogen. yes, in natural gas. thank goodness the department invested in fossil fuel technologies. that's where the fracking technologies came from. it came from thinking about the
here's a chart that shows america's trade deficit. and energy, imported energy comprises the largest account. we haven't had a balanced trade deficit since the 1970's when the job hemorrhage started in this country. and it gets worse every year. america's future depends on innovation. we can't continue to live like this. every community you go to in this country, they say, well, we have to move somewhere because my child can't find a job or, gosh, i had to get another job and i had my salary...
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Jul 10, 2013
07/13
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. >> the cvo projects the senate bill would cut the flow by up to half and reduce the deficit by $135 billion over ten years. the u.s. chamber of commerce would help to craft the bill is running for and calling for an end to the status quo. all of this begs the question, what exactly is stopping the house gop from embracing comprehensive reform. joining me today, executive vice president of global strategy group and former senior advisor to priorities u.s.a. action, bill burton. new york magazine's jonathan chase and distinguished fellow, bob herbert and joining us from capitol hill is republican congressman, raul labrador. congressman, thanks so much for joining us on a very, very important day. >> great to be on your show, alex. >> congressman, i want to start first with what you have said to the press thus far as far as comprehensive immigration reform. you told the hill today that comprehensive reform, the senate bill, is less likely than it was a month ago. i ask you in this hour, is there any chance that the senate bill can pass the house of representatives? >> there's absolutel
. >> the cvo projects the senate bill would cut the flow by up to half and reduce the deficit by $135 billion over ten years. the u.s. chamber of commerce would help to craft the bill is running for and calling for an end to the status quo. all of this begs the question, what exactly is stopping the house gop from embracing comprehensive reform. joining me today, executive vice president of global strategy group and former senior advisor to priorities u.s.a. action, bill burton. new york...
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Jul 9, 2013
07/13
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any deal on interest rates should not reduce the deficit on the backs of students. we should not trade national debt for student debt. and number two, we need to keep in place an interest rate cap, an interest rate cap as a key consumer protection to shield students from exorbitant rates in the future. now, i have the highest respect for our president. i served with him here. he was on our committee. i only wish that perhaps they had talked to us a little bit before they came out with their proposal. president obama came out with a proposal on student loans. the first president since 1958, first president, not democratic president, first president, democrat or republican, to propose going from a 91 t-bill date to a ten-year treasury note. no other president suggested that. secondly, no president since 1958, no president, has advocated removing the cap. president obama in his proposal proposed removing the cap. well, i believe it's safe to say that our caucus said no, we're not going to do that. we're not going to lift this key consumer protection of having an intere
any deal on interest rates should not reduce the deficit on the backs of students. we should not trade national debt for student debt. and number two, we need to keep in place an interest rate cap, an interest rate cap as a key consumer protection to shield students from exorbitant rates in the future. now, i have the highest respect for our president. i served with him here. he was on our committee. i only wish that perhaps they had talked to us a little bit before they came out with their...
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Jul 10, 2013
07/13
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this $48 million would be put towards deficit reduction. look, opponents of the amendment are go to go claim this money is necessary for national security, but in fact that could not be further from the truth. in fact the question of the whether or not the united states enrichment corporation is truly vital is being reviewed by the general accountability office which is expected to release a report on both the national security question as well as the economics of sending further taxpayer dollars to the united states enrichment corporation. because the report is pending, t is in the best interest of hard-earned taxpayer dollars we suspend aid until we have more information as to what the company is doing with the money it is receiving. the united states enrichment corporation is so poorly run, last may the new york stock exchange threatened to delist them due to its financial health. articles over the years have documented its financial woes and the near monthly collapse of its stock prices. during the june share holders' meeting, 80% of th
this $48 million would be put towards deficit reduction. look, opponents of the amendment are go to go claim this money is necessary for national security, but in fact that could not be further from the truth. in fact the question of the whether or not the united states enrichment corporation is truly vital is being reviewed by the general accountability office which is expected to release a report on both the national security question as well as the economics of sending further taxpayer...
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Jul 9, 2013
07/13
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KPIX
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. >>> on the "cbs moneywatch" the shrinking deficit and warren buffett makes a big donation in charity. ashley morrison is here in new york. good morning, ashley. >> reporter: and good morning to you, anne-marie. asian markets bounced back, slight concern over china's efforts to reform credit. hong kong's hang seng earned 2%. >>> wall street with financial tightened wells fargo and chase the dow rose 88 points while the nasdaq added five points. >>> the deficit is down according to a new white house projection. the federal government is spending $759 billion more than it is taking in this year. that's down more than $200 billion from earlier predictions. the improvement is credited to the automatic spending cuts triggered by the financial cliff and increasing revenue from an improving economy. >>> consumers are whipping out their credit cards more often. sending consumer borrowing surging. credit card use has soared to its highest level since fall of 2010. americans increased borrowing in may at the fastest rate in a year. experts say a jump in borrowing means people are feeling more c
. >>> on the "cbs moneywatch" the shrinking deficit and warren buffett makes a big donation in charity. ashley morrison is here in new york. good morning, ashley. >> reporter: and good morning to you, anne-marie. asian markets bounced back, slight concern over china's efforts to reform credit. hong kong's hang seng earned 2%. >>> wall street with financial tightened wells fargo and chase the dow rose 88 points while the nasdaq added five points. >>>...
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Jul 10, 2013
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there may be other costs associated with it, but you help the deficit. in the irs that's not the case. when you cut the budget at the irs, your deficit is increased for the country. that's a factor. two more factors to sort of set the stage here. leadership, the evolution of the leadership of the service. the government has operated for years or did operate for years with, in essence, a defined benefit pension plan. people who joined the irs before the early '80s, they had handcuffs, as all government employees did. there were very real incentives to stay, to get their 30 years in, to be 55 years of age. that plan was changed in the early '80s so that it became more like a 401(k). i did my first stint in government starting in '82. i was a kid working in the reagan administration, and after about six months a personnel officer came in and said, jeez, you ought to convert over to this new retirement plan. well, it produced in me a lifelong distrust of personnel folks -- [laughter] and also was a reflection on just how young and knuckleheaded i was. i conv
there may be other costs associated with it, but you help the deficit. in the irs that's not the case. when you cut the budget at the irs, your deficit is increased for the country. that's a factor. two more factors to sort of set the stage here. leadership, the evolution of the leadership of the service. the government has operated for years or did operate for years with, in essence, a defined benefit pension plan. people who joined the irs before the early '80s, they had handcuffs, as all...
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Jul 9, 2013
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but can you imagine what $2.3 trillion in our energy trade deficit translates into lost jobs in america over the last 10 years? it's a hemorrhage. our republic will not compete in this 21st century and beyond if we further reduce investments in this area and cede our energy to other countries. predatory foreign competition in energy poses a real security threat to our contry. i view it as the chief security threat to our country. i appreciate the chairman's commitment to ensure that technology developed with taxpayer dollars benefits our nation first. department of energy, however, must do more to ensure that intellectual property supported by federal dollars furthers the interest of the united states economy. and i'm concerned with the level of funding, i appreciate the chairman's commitment to american manufacturing in this bill, manufacturing remains one of the most important job drivers in our economy. usingere is little use in federal dollars that are ultimately made in america and manufactured domestically. america must do more to reverse the trend of domestic firms shifting produ
but can you imagine what $2.3 trillion in our energy trade deficit translates into lost jobs in america over the last 10 years? it's a hemorrhage. our republic will not compete in this 21st century and beyond if we further reduce investments in this area and cede our energy to other countries. predatory foreign competition in energy poses a real security threat to our contry. i view it as the chief security threat to our country. i appreciate the chairman's commitment to ensure that technology...
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Jul 8, 2013
07/13
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>> i have to say that he left the biggest budget deficit in britain's history. we had to make difficult decisions. that is why we cut welfare and areas of spending. on education, we have made it a priority. that is why the amount of money going into our schools is going up and not down. that is why we are funding half a million extra school places. and that is why this government has built 200 new school buildings since taken office. -- since taking office. he asked about new schools going into different areas. that is code for labor's opposition to free schools. we want more new, good schools. their policy is still the same as john prescott's policy. do you remember that? the trouble with good schools is that everyone wants to go to them. as usual,od schools. his questions are written by len mccluskey of unite. mr. speaker, mr. speaker, as always, this prime minister has no answer to the questions he is asked. if he will not answer me, maybe ,e will answer david simmons who is the conservative spokesman for the local government association. this is what he said
>> i have to say that he left the biggest budget deficit in britain's history. we had to make difficult decisions. that is why we cut welfare and areas of spending. on education, we have made it a priority. that is why the amount of money going into our schools is going up and not down. that is why we are funding half a million extra school places. and that is why this government has built 200 new school buildings since taken office. -- since taking office. he asked about new schools...
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Jul 11, 2013
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estimates this bill as written will add $1.3 trillion to the deficit in 2014. at this point i would like to yield one minute to the gentleman from rhode island, mr. cicilline. the speaker pro tempore: the gentleman from rhode island is recognized for one minute. mr. cicilline: this is a shameful day. the house republican leadership has decided again to abandon all efforts to come to a bipartisan agreement on the farm bill. they have launched an attack on the working poor, veterans, children, and seniors who rely on the nutrition program in a desperate attempt to win political points with their conservative base. after an embarrassing, chaotic defeat of their last proposal, they decide to make a bad situation worse. this proposal strips out the entire nutrition title, putting families and children at risk of going hungry. givemade a clear choice to subsidies to corporations at the expense of the hungry and poor. today house republicans are telling hungry children, food banks who he meet the need of their communities. and low-income citizens, their needs don't ma
estimates this bill as written will add $1.3 trillion to the deficit in 2014. at this point i would like to yield one minute to the gentleman from rhode island, mr. cicilline. the speaker pro tempore: the gentleman from rhode island is recognized for one minute. mr. cicilline: this is a shameful day. the house republican leadership has decided again to abandon all efforts to come to a bipartisan agreement on the farm bill. they have launched an attack on the working poor, veterans, children,...
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Jul 9, 2013
07/13
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KQEH
tv
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the federal budget deficit for the current fiscal year is shrinking. before you start celebrating, the white house also said there's still a shortfall of $759 billion. credit goes to the improving economy and those across the board, federal spending cuts in the sequester legislation. >>> uncle sam may have been spending less money, but the rest of us did a lot more borrowing during the month of may. the americans increased their debt that month. the fastest pace in a year with total borrows reaching a record $2.84 trillion. credit card use or its biggest gain in a year while borrowing for new cars and student loans also saw big increases. >>> no more special treatment for high priced clients. that's the word from reuters today. the financial information giant has agreed to end the practice of providing high speed traders early access to its important consumer sentiment data. the company allowed those traders to get the information two seconds before it was distributed to other subscribers for an additional fee. regulators said those two seconds can giv
the federal budget deficit for the current fiscal year is shrinking. before you start celebrating, the white house also said there's still a shortfall of $759 billion. credit goes to the improving economy and those across the board, federal spending cuts in the sequester legislation. >>> uncle sam may have been spending less money, but the rest of us did a lot more borrowing during the month of may. the americans increased their debt that month. the fastest pace in a year with total...
SFGTV2: San Francisco Government Television
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Jul 13, 2013
07/13
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SFGTV2
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when we began this year's budget, we began like many years before, trying to reduce significant budget deficits. but because we have pursued policies to control costs, grow our economy, create jobs and stabilize our fiscal health, this year i'm proposing a budget that protects our social safety net, one that increases public safety, and one that invests in our city's infrastructure at unprecedented levels. and it is a budget that significantly grows our city's reserves. this budget is being delivered as san francisco's economy is recovering, going, and moving in the right direction. and san franciscans are getting back to work. in fact, our unemployment rate has dropped, as you all know, from 9.5% in january of 2011 to an astounding 5.4% just last month. (applause) >> i know, i know it has -- it has not been easy. we've had to work hard with our health services system, our care -- our health care providers, and labor to reduce employee health care costs. and because of our collaboration, we will now save $52 million over the next two years. and we've made tough but necessary choices on everythi
when we began this year's budget, we began like many years before, trying to reduce significant budget deficits. but because we have pursued policies to control costs, grow our economy, create jobs and stabilize our fiscal health, this year i'm proposing a budget that protects our social safety net, one that increases public safety, and one that invests in our city's infrastructure at unprecedented levels. and it is a budget that significantly grows our city's reserves. this budget is being...
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Jul 10, 2013
07/13
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KNTV
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the congressional budget office says that bill would cut the federal budget deficit by $850 billion over the next 20 years as well. >>> you mentioned john boehner and house republicans holding a special meeting on capitol hill this morning. we're taking you live to texas this morning at the george w. bush institute. the podium where the actual former president will address the people there that are meeting on the naturalization and immigration services. he's going to talk about immigration and immigration reform this morning. just giving you a live picture in dallas to keep tabs on it for you. if he says anything significant, we'll bring it to you. >>> firefighters still working to get the upper hand on a wild fire threat. ing homes east of san diego. the chariot fires burned 11 square miles in the cleveland national foreof the. it's 40% contained and threatening 120 homes near julian. firefighters say calm winds helped them make good progress yesterday. cause of the fire is still under investigation. >>> 5:46. warm temperatures all over california for the last couple of weeks. as you po
the congressional budget office says that bill would cut the federal budget deficit by $850 billion over the next 20 years as well. >>> you mentioned john boehner and house republicans holding a special meeting on capitol hill this morning. we're taking you live to texas this morning at the george w. bush institute. the podium where the actual former president will address the people there that are meeting on the naturalization and immigration services. he's going to talk about...
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Jul 9, 2013
07/13
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KNTV
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the white house reports the federal deficit for this fiscal year is $200 billion less than expected. we are only overspending now by $759 billion. >>> twinkies will be back in stores july 15th with an even longer lifespan than ever before. thank god, you're saying. the spongy yellow takes have a new shelf life of 45 days that extends the previous 26-day shelf life. >>> famed sports carmaker porsche is going green with the 2014 panamera se hybrid. it boasts over 75 miles per gallon. the price there? $79,000. base. >>> and take a look at the washington monument. it glows with 500 lamps while being restored from earthquake damage. half of the cost being paid for from a donation. >>> rex ryan running with the bulls and all of your sports headlines. stick around. >>> let's get the latest in sports for you right now. monday was the great day in baseball. tigers pitcher max scherzer with seven strikeouts but not enough for him to get the win. this embarrassment here does help his team. >> nubbed down the third base line. pena hoping it goes back there and it does. swisher is going to be out
the white house reports the federal deficit for this fiscal year is $200 billion less than expected. we are only overspending now by $759 billion. >>> twinkies will be back in stores july 15th with an even longer lifespan than ever before. thank god, you're saying. the spongy yellow takes have a new shelf life of 45 days that extends the previous 26-day shelf life. >>> famed sports carmaker porsche is going green with the 2014 panamera se hybrid. it boasts over 75 miles per...
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Jul 10, 2013
07/13
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CNBC
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the deficit will go down. and basically go get it from somewhere else in the savings. there's plenty of fat in that national budget, and we could all agree on that. >> all right. gentlemen, thank you both for your thoughts today. appreciate it very much. >> pleasure. >> thank you so much. >>> we have 35 minutes before the closing bell sounds for the day. we have a market off of the lows, down about 18 points on the dow. >> is there any stopping hewlett-packard stock these days? it's up more than 80% just this year. and it has been the best performer among the dow components in 2013. when we come back, we'll hear from somebody who says hp is just getting started. >>> meanwhile, tensions in egypt showing no signs of cooling down. coming up, one of egypt's richest mens explains how the turmoil is impacting the economy and the world. what might happen in his company. don't miss it as we navigate the happenings in cairo. ♪ build! we're investing big to keep our country in the lead. ♪ load! we keep moving to deliver what you need. and that means growth, lots of cargo goi
the deficit will go down. and basically go get it from somewhere else in the savings. there's plenty of fat in that national budget, and we could all agree on that. >> all right. gentlemen, thank you both for your thoughts today. appreciate it very much. >> pleasure. >> thank you so much. >>> we have 35 minutes before the closing bell sounds for the day. we have a market off of the lows, down about 18 points on the dow. >> is there any stopping hewlett-packard...
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Jul 12, 2013
07/13
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CNBC
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budget deficit is this rifrpg g i shrinking. one potential constraint on growth is being lifted. that's what's making itself felt here. >> okay. want to talk about oil, kevin. wti, we hit 107.42 on thursday, come back since then. currently at 104.65. brent at 107. what is interesting is when you compare the price of oil now to when equities last hit their high in may, when last time we had a record high on the dow in may, nymex was down in the 90.5 area. why this move now? particularly when the iea came out and said we're going to have this huge increase in supply. what do you think of the oil story? >> there are lots of technicalities in your market. the spread between wti and brent narrowed quite markedly. i would steer away from linking the equity market overall specifically with a particular level of the oil price. it is tempting. many people looking at the oil price going back up to think that in itself means that the stock market is due for a correction. there are lots of big oil companies in the stock market. that higher wti number for lots of american suppliers means that
budget deficit is this rifrpg g i shrinking. one potential constraint on growth is being lifted. that's what's making itself felt here. >> okay. want to talk about oil, kevin. wti, we hit 107.42 on thursday, come back since then. currently at 104.65. brent at 107. what is interesting is when you compare the price of oil now to when equities last hit their high in may, when last time we had a record high on the dow in may, nymex was down in the 90.5 area. why this move now? particularly...
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Jul 12, 2013
07/13
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MSNBCW
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. >> all the folk want is a piece of a sound bite at home to say they believe in deficit reduction. >> they made a clear choice to protect generous subsidies for agricultural corporations at the expense of the hungry and working poor. >> this is not some little club. we are the congress of the united states of america. the most powerful nation on this planet. and we can take care of all of the people. >> this is the lowest of the low. when we can't pass this, you know, ladies and gentlemen, they can't run the house. >> the only thing that this house will do when it votes today is defeat starving children. >> you are taking food out of the mouths of your own poor constituents. >> hr-2642 is a deadbeat majority's proposal. >> enough already. >> enough is enough. >> vote no. >> time has expired. >> vote no. vote no. vote no. it is ridiculous what you're doing to our children. >> every single democrat in the house did vote no today. along with 12 republicans, but that was not enough to stop the republicans' stripped down farm bill. it passed by an eight-vote margin, 216-208. the last vers
. >> all the folk want is a piece of a sound bite at home to say they believe in deficit reduction. >> they made a clear choice to protect generous subsidies for agricultural corporations at the expense of the hungry and working poor. >> this is not some little club. we are the congress of the united states of america. the most powerful nation on this planet. and we can take care of all of the people. >> this is the lowest of the low. when we can't pass this, you know,...
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Jul 14, 2013
07/13
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CSPAN
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every worker and business would be required to pay their fair share in taxes, reducing our deficit i nearly $850 billion over the next two decades. portion ofnd a large those taxes towards retirement programs and millions of americans depend on them. social security would get over the long term, adding two years to the life of the program's trust fund. that is what immigration reform would mean for our economy. it only if we act. if we do not do anything, our workforce will continue to shrink as baby boomers -- baby boomers retire. american workers will have to make do with lower wages and fewer protections. without more immigrants and businesses paying their taxes, our deficit will be higher and programs like social security will be under more strain. obama's weekly address to our question for you is about immigration reform and how important is it to economic growth -- we have a line for business owners -- a quick look at facebook. this is from kurt who writes see a lot of economic growth. george says -- let's go to phones. norristown, pennsylvania. caller: good morning. peopleno p
every worker and business would be required to pay their fair share in taxes, reducing our deficit i nearly $850 billion over the next two decades. portion ofnd a large those taxes towards retirement programs and millions of americans depend on them. social security would get over the long term, adding two years to the life of the program's trust fund. that is what immigration reform would mean for our economy. it only if we act. if we do not do anything, our workforce will continue to shrink...
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Jul 7, 2013
07/13
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CSPAN2
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. >> the trillion dollar deficits. >> and it does not look like the republicans are hoping a city. will you write a book for them? >> something about that and i think the republicans demean no, there are people all across the spectrum of both parties. i was asked -- i was speaking about my other book at fort leavenworth, the military base, not the prison. [laughter] and there were 1490 majors for mostly our country, but from around the world. it is a big school. someone asked me, what is the biggest problem that i worry about when i go to bed at night. the answer was american weakness why said that? i think the signal is being sent out from this country is that basically we are modeling american economy of your and it is a failed model. does not work. and there is no way that you can have the deficits we have had and have the debt we are incurring without sending out a signal to the world that this country is not born to be what it was in the past. there is no way that you can do that. you're not going to -- people take that message and they see it. and the -- then you turn around.
. >> the trillion dollar deficits. >> and it does not look like the republicans are hoping a city. will you write a book for them? >> something about that and i think the republicans demean no, there are people all across the spectrum of both parties. i was asked -- i was speaking about my other book at fort leavenworth, the military base, not the prison. [laughter] and there were 1490 majors for mostly our country, but from around the world. it is a big school. someone asked...
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Jul 10, 2013
07/13
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CSPAN
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it's an opportunity to reduce our deficit and make our government work better. this amendment represents a relatively small change to the bill but i believe it speaks to a larger principle. it will be an inappropriate use of taxpayer money to purchase more cars when so many folks across the country are being forced out of work and so many critical projects sit untouched. i urge my colleagues to support this amendment and i yield back. the chair: the gentleman yields back the balance of his time. for what purpose does the gentleman from new jersey seek recognition? mr. frelinghuysen: i move to strike the last word, mr. chairman. the chair: the gentleman is recognized for five minutes. to relinghuysen: i rise oppose the gentleman from georgia's amendment. the amendment -- his amendment is overly broad and would prevent the department of energy, the army corps of engineers, the bureau of reclamation, the national nuclear security agency, all agencies covered under our bill from leasing our purchasing any new vehicles. i understand my colleague's concerns with the s
it's an opportunity to reduce our deficit and make our government work better. this amendment represents a relatively small change to the bill but i believe it speaks to a larger principle. it will be an inappropriate use of taxpayer money to purchase more cars when so many folks across the country are being forced out of work and so many critical projects sit untouched. i urge my colleagues to support this amendment and i yield back. the chair: the gentleman yields back the balance of his...
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Jul 10, 2013
07/13
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that are better used to invest in the future and paying off our deficit. we simply cannot afford to spend taxpayer dollars on research, the private sector can do better and taxpayers should not be asked to provide additional support to an industry that consistently has record-breaking profits. our energy sector has some of the of the most promising ideas and technologies in the world. our energy policy, however, is horribly outdated. h.r. 2609 slashes research and development for renewable energy by some 60% and adds additional money that the administration either want -- neither wants nor needs to research fossil fuels and clean coal. at the same time it continues to spend far too much on fossil fuel r&d. in fact, we dole out more fossil fuel subsidies than any other country. more than $500 billion in 2011. and they often go to expensive projects with little upside. the fact is we don't need to spend taxpayer money this way. fossil fuel companies are highly profitable, posting some of the highest profits in the world, and they can shoulder than other r&d
that are better used to invest in the future and paying off our deficit. we simply cannot afford to spend taxpayer dollars on research, the private sector can do better and taxpayers should not be asked to provide additional support to an industry that consistently has record-breaking profits. our energy sector has some of the of the most promising ideas and technologies in the world. our energy policy, however, is horribly outdated. h.r. 2609 slashes research and development for renewable...
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Jul 8, 2013
07/13
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CSPAN2
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and would boost our economy and make our country safer, reducing the deficit by about a trillion dollars over the next two decades. i remind the speaker there is no shame in passing bills both parties can support. americans want their elected officials to work together to fix the nation's problems. that's what we did in the senate. i promise the formula will work in the house of representatives as well. the speaker should try that. sticking to the hastert rule is preventing the house from passing legislation to reform the ailing postal service. he refused to even take it up last congress. didn't even take it up. sticking to the hastert rule prevented the house from passing a measure that would give brick-and-mortar stores parity. we passed it on a bipartisan vote here, mr. president. i mean it's heartbreaking all over america, i see it in nevada to go by these strip malls and you see these places that if they had the advantage of not having to pay sales tax -- that's what happens on line -- they would be in business. they would go back into business if the online -- the sales tax would h
and would boost our economy and make our country safer, reducing the deficit by about a trillion dollars over the next two decades. i remind the speaker there is no shame in passing bills both parties can support. americans want their elected officials to work together to fix the nation's problems. that's what we did in the senate. i promise the formula will work in the house of representatives as well. the speaker should try that. sticking to the hastert rule is preventing the house from...
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Jul 12, 2013
07/13
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KRON
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throughout the first eight months of the budget year, the deficit has total over $500 billion. that is just under 400 billion lower than those same period last year. the congressional budget office forecast the annual deficit will be 670 billion when the budget year and is on september 30th. >> we will take a quick break on the kron4 morning news. a live look outside from our roof camera. i cloudy start of the clouds and dogs to clear out san and make way for plenty of sunshine. your full forecast coming up after the break. look at 'em. living on cloud nine with that u-verse wireless receiver. you see in my day, when my mom was repainting the house, you couldn't just set up a tv in the basement. i mean, come on! nope. we could only watch tv in the rooms that had a tv outlet. yeah if we wanted to watch tv someplace else, we'd have to go to my aunt sally's. have you ever sat on a plastic covered couch? [ kids cheering ] you're missing a good game over here. those kids wouldn't have lasted one day in our shoes. [ male announcer ] add a wireless receiver. call to get u-verse tv for
throughout the first eight months of the budget year, the deficit has total over $500 billion. that is just under 400 billion lower than those same period last year. the congressional budget office forecast the annual deficit will be 670 billion when the budget year and is on september 30th. >> we will take a quick break on the kron4 morning news. a live look outside from our roof camera. i cloudy start of the clouds and dogs to clear out san and make way for plenty of sunshine. your full...
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and scrambling to raise money to bring down its deficit the french government has again turned to texas to get its economy back on track after a host of increases this year the finance minister has refused to rule out yet more hikes in twenty fourteen is out is where if a national reports the heavy burden is pushing independent businesses to the brink of bankruptcy. it's that's half the time of slashed prices in the stores of paris but behind some of the red cross tags there are said stories for pascal whose flour and gift shop has been in business for twenty five years it's a closing down sale for many months the taxes he pays have been it in up all his profit he simply doesn't make money anymore. they don't understand that we small businessmen at the engines and guarantors of the country's development and they are stifling us i can't afford starr and i do all the work myself for twelve hours a day but that isn't enough. to businessmen from china and the arab world have already responded to his almost two hundred thousand to your offer to sell up prescott is not surprised at the lack o
and scrambling to raise money to bring down its deficit the french government has again turned to texas to get its economy back on track after a host of increases this year the finance minister has refused to rule out yet more hikes in twenty fourteen is out is where if a national reports the heavy burden is pushing independent businesses to the brink of bankruptcy. it's that's half the time of slashed prices in the stores of paris but behind some of the red cross tags there are said stories...
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Jul 9, 2013
07/13
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CSPAN
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we have four consecutive trillion dollar deficit the worst deficits in the history of our country. we are now about to rush through the $17 trillion mark in total debt. we are not a country that can afford to stay on this path. we are not a country that can afford to allow into our nation immigrants who are going to be tax consumers rather than tax producers. when you have the pick of hundreds of millions of people around the world, we should be smart and we should have a smart immigration policy that brings in people who are going to be tax producers. not tax consumers. that's going to help us with our deficit situation, tep us with our accumulated debt, and hopefully reduce or minimize the risk of an american tradgity that tragedy being a debit dating insolvency and bankruptcy of our great nation system of in that veen, our foreign policy, our immigration policy should focus on those who are going to come here and produce more revenue then they're going to consume. i'm for allowing immigration into the united states of america. it's a cherished privilege, it's a historical fact o
we have four consecutive trillion dollar deficit the worst deficits in the history of our country. we are now about to rush through the $17 trillion mark in total debt. we are not a country that can afford to stay on this path. we are not a country that can afford to allow into our nation immigrants who are going to be tax consumers rather than tax producers. when you have the pick of hundreds of millions of people around the world, we should be smart and we should have a smart immigration...